Government & Public Policy
Murphy signs ‘land bank’ bill allowing cities to assemble, reposition blighted property

A newly enacted law allows New Jersey municipalities to assemble blighted properties within their borders, creating land banks that they can use to spur much-needed redevelopment.

Government & Public Policy
Led by Willoughby, Business Action Center lends its support to developers, tenants

The state’s Business Action Center has long billed itself as a one-stop shop for helping companies grow in New Jersey and attracting new ones from out of state. That often means finding solutions for commercial real estate needs, from helping a scientist find lab space to assisting Amazon with its ever-growing network of fulfillment centers. It also means helping developers and their professionals navigate the web of state agencies that are involved in real estate decisions, from NJ Transit to the Department of Environmental Protection.

Government & Public Policy
Liquor license reform bill advances in Assembly

A bill that would create new specialized, lower-cost liquor licenses and likely provide a boost to New Jersey’s commercial real estate sector has cleared another hurdle in the Legislature.

Industrial
REIT buys FedEx Ground facility in Trenton for $85.3 million

A real estate investment trust has added to its portfolio in central New Jersey, acquiring a 347,145-square-foot industrial property in Trenton for more than $85 million.

Professional Services
Two N.J. law firms detail plans to combine under MS&B banner

Two New Jersey law firms are joining forces to create a team of more than 50 attorneys and what it says will be a wide-ranging legal practice.

Roundtable
Which types of tenants or industries hold the greatest upside for New Jersey’s office market?

Which types of tenants or industries hold the greatest upside for New Jersey’s office market? We assembled a panel of industry experts to tackle this month’s question.

Office
JLL: Transit hub office clusters still shine, despite 2017 hiccup

For all of the appeal of having office space near a train station, eight of New Jersey’s best-known “transit hub” submarkets took a collective step back in 2017, although they continue to stand apart from the state’s suburban highway corridors.

Roundtable
What infrastructure improvements does New Jersey need to support development for the next 20 years?

What infrastructure improvements does New Jersey need to support development for the next 20 years? We assembled a panel of industry experts to tackle this month’s question.

Government & Public Policy
A fond farewell: Lizura reflects on 22 years with EDA, prepares for what comes next

Tim Lizura is now considering his next step after 22 years with Economic Development Authority, where he had become a fixture in New Jersey’s commercial real estate sector and a key player in the effort to revive cities such as Newark, Camden and New Brunswick.

Government & Public Policy
EDA grant program fueling retail, restaurant growth in Camden

Property owners in Camden have tapped into a state program meant to spur street-level retail and service businesses, adding to the resurgence of one of the city’s main thoroughfares.